latest fission uranium presentation
DESCRIPTION
The company update presentation as delivered by Dev Randhawa, the company's founding CEO and Chairman.In 2013 Dev Randhawa was named Mining Person of the Year by The Northern Miner magazine and Dealmaker of the Year by Finance Monthly. He has recently been nominated for Ernst & Young's Entrepreneur of the Year. Dev Randhawa is an acknowledged expert in the resources sector and has a well-established track record as a Chairman and CEO. In this capacity he has founded and grown several highly successful junior resource exploration companies prior to Fission Uranium Corp. Prior to becoming a CEO, Dev Randhawa built a successful career in the corporate banking sector. Dev Randhawa is probably best known for Fission Energy which he built from scratch into a company that was named a Top 50 TSX company in 2011 due to its high performance.TRANSCRIPT
An Unprecedented Uranium DiscoveryJune 2014
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Disclaimer
The following information may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
All historical resource estimates were completed prior to the implementation of NI 43-101 and the Company has not done the work necessary to verify the classification of the resource or reserve, they should not be relied upon or considered a defined resource according to NI 43-101; Except for those properties where NI 43-101 have been completed.
The technical information in this corporate presentation has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43- 101 and reviewed on behalf of the company by Ross McElroy, P.Geol. President and COO for Fission Uranium Corp., a qualified person.
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Fission Shareholder Value Increase Compared with Peers and Uranium ETF as % of Nov 2012 Mkt Cap
Series1
-100%
0%
100%
200%
300%
400%
500%
600%
700%
800%
Fission
UEC
URA ETF
Denison
U3O8 Spot Price
PLS DiscoveryHole 22
PLS 2013 Summer Drilling
FCU/Alpha Merger
PLS 2014 Winter Drilling
FCU Spinout/Winter Drilling
43.38 US$/lb
+ 460 %- 45 %
- 14 %
- 30 %
Dec 12 Mar13 J un 13 Sep13 Dec 13 Mar 14 May 15
+ 1 %
28.44 US$/lb
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Management and Shareholders Aligned Since 1996
Strathmore Minerals 1996 - 2007
CDN Assets Fission Energy2007 - 2013
US AssetsStrathmoreMinerals
Non-PLS AssetsFission 3.0 CorpDec ‘13 - present
100% PLS ownedFission Uranium2013 - present
Waterbury & AssetsSale to DenisonApr ‘13
PLS DiscoveryFission Uranium Apr ‘13 – Dec ‘13
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Patterson Lake South (PLS)The Leading High-Grade, Shallow Depth Uranium Discovery
Hole PLS14-129100m Composite Mineralization Includes 38.49% U3O8 Over 10.5m. Composite grade x thickness: 992.8
“The best hole ever drilled at PLS, and potentially second best "deposit leading hole" ever in the Athabasca Basin David Talbot of Dundee Securities on hole 129
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PLS and Canada’s Athabasca Basin
Cluff Lake: >60m lbs U3O8 produced
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Electricity Demand +76% by 2030, Reactor Numbers Rising
Forecast new reactors by 2030. (Source: World Nuclear Association, May 2014)
434
Current ReactorsOperable
+72
UnderConstruction
+173
Within8 –10 Years
+309
Proposedby 2030
USA: +27UAE: +14
Saudi Arabia: +16
India: +63
Russia: +59
China: +204
South Korea: +11
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Grade is King
Kaza-khstan
Namibia Australia Niger Canada0
0.2
0.4
0.6
0.8
1
1.2
1.4
1.6
1.8
2
Average Grade - % U308
Hole PLS14-129, Patterson Lake South100m Composite Mineralization Includes 38.49% U3O8 Over 10.5m.
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Athabasca: The Premier High-Grade Uranium District
ENVIRONMENT• Political
stability• Pro-mining• Permitting
INFRASTRUCTURE• Mills nearby• Power Grid• Highways & Air
GRADES More than 10X World
average
40 years of mining, supplying 19% of the
world’s uranium
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PLS Uranium Discovery: Large, High-Grade, Near-surface
Mined Out In Production
Cluff Lake Mine, Athabasca Basin>60 million lbs. U3O8 produced
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Athabasca Basin Major Deposits and Mines
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PLS Drilling Success
*Based on Drill Hole %U3O8 Assay Composite Intervals**Based on Drill Hole %U3O8 Assay Composite Intervals (2013) & Radioactive Mineralization (2014)
2013 Results*
2014 Results**
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R00E R780E
WSW ENE
Over burden
Bedrock
R600W R1155E
Patterson Lake
R1620E
Long. View – Downhole Radioactivity
previously announced holes holes announced May 13, 2014
13
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Rapid Progress at PLS
2012Summer
2013Full Year
2014Winter
2014Summer
Meters Drilled 1,632m 26,668m 35,198m
Drill Holes (Total) 9 99 92 60 Planned
Delineation Holes (Mineralized)
4 81 81 40 Planned
Delineation Holes(Non-mineralized)
0 4 1 -
Exploration Holes 5 14 10 20 Planned
Mineralized Trend Strike Length
0.02km 1.78km 2.24km -
Radon Coverage - 1 EM Conductor 15 EM Conductors -
Assays Complete Complete 62 holes pending -
Achievements Discovery of R00E Zone Outline 7 Mineralized Zones
Connected 4 Zones & Extended Strike Length. Discovered 1 new zone
-
Goal Produce a Maiden 43-101 Compliant Resource Estimate by December 2014
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PLS Potential: 100+ Conductors, Multiple Summer Targets
(PLS Uranium Boulder Field)Boulders up to 40% U3O8
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Summer 2014 Drill Plans
Summer 2014 PlansDiscovery zone: +40 HolesAreas A, B, C: +20 holes
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Looking Ahead: Delineation and Radon Target Drilling
Full analysis of Winter 2014 radon survey
Assays completed from winter drill program
Dec 2014
NI 43-101Resource Estimate
May – Jun 2014Jul – Sept 2014
Summer Resource Delineation Drilling
Dec 2014 – Apr 2015
Winter Resource Delineation
Radon targets drill tested
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Dev Randhawa, Chairman & CEO Fission Energy founding CEO and chairman from
2007 to 2013 leading company to Tier One status Former CEO/founder of Strathmore Minerals Finance Monthly ‘Dealmaker of the Year 2013’,
Northern Miner ‘Person of the Year 2013’ Founder of Pacific Asia China Energy, sold for $34M
Ross McElroy, President and COO Formerly with Cameco, Areva, BHP Billiton PDAC 2014 ‘Bill Dennis Award for Exploration
Success’, Northern Miner ‘Person of the Year 2013’ Significant role in 4 major uranium discoveries in
Athabasca Basin, incl. Fission’s Waterbury Lake & PLS Professional geologist of 25+ yrs exp
Paul Charlish, VP Finance 23 years of finance experience including
public practice, audit/tax & public companies
Greg Downey, CFO CMA with 20 years of audit, tax and industry
experience
Richard Matthews, IR Manager Experienced IR professional with considerable
uranium sector experience Business development expert who has
previously founded and managed several successful businesses
Fission’s Management Team
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Corporate Information
Management Team:
Dev Randhawa, MBA — Chairman, CEO, DirectorRoss McElroy, P.Geol. — President & COO, DirectorGreg Downey – CFOPaul Charlish – VP FinanceRich Matthews – IR Manager
Analyst Coverage
David Talbot — Dundee Securities, Toronto
Rob Chang — Cantor Fitzgerald, Toronto
David Sadowski — Raymond James, Vancouver
Bhakti Pavani— Euro Pacific Capital, New York
Mike Bandrowski — Clarus Securities, Toronto
Joe Mazumdar — Canaccord Genuity, Vancouver
Mike Kozak — Cormark Securities, Toronto
Pierre Vaillancourt — Macquarie Equities, Toronto
Brent Cook — Economic Geologist, Exploration Insights USA
Advisory Board:
Ron Netolitzky, P.Geol.Michael HalvorsonAnthony MilewskiTeddy Clark
Financial Summary
Market Cap: C$ 428 million(as at May 21, 2014)
Cash: C$ 30 million(as at May 15, 2014)
Daily trading Ave. (3 month) 3.8 million
Shares outstanding: 351 million
Warrants: 6.8 million
Options: 32.6 million
Fully diluted: 392.4 million(as at May 8, 2014)
Board of Directors:
Dev Randhawa, MBA — Chairman, CEO, DirectorRoss McElroy, P.Geol. — President & COO, DirectorFrank Estergaard, CA — DirectorWilliam Marsh — DirectorKurt Bordian — DirectorWarren Stanyer — Director
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Fission Uranium Corp.
Phone: 250.868.8140Toll Free: 1.877.868.8140Email: [email protected]: www.fissionuranium.comTwitter: @fissionuranium
Rich Matthews, Investor Relations
Phone: 778.484.8026Email: [email protected]